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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
-12.75%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$11.1B
AUM Growth
-$2.52B
Cap. Flow
-$649M
Cap. Flow %
-5.82%
Top 10 Hldgs %
23.67%
Holding
963
New
23
Increased
75
Reduced
826
Closed
19

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$107M
2
RITM icon
Rithm Capital
RITM
+$68.6M
3
HON icon
Honeywell
HON
+$65.1M
4
DXC icon
DXC Technology
DXC
+$44.8M
5
RTN
Raytheon Company
RTN
+$41.3M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$125M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$108M
3
AXP icon
American Express
AXP
+$99.1M
4
V icon
Visa
V
+$83.3M
5
CVS icon
CVS Health
CVS
+$79.7M

Sector Composition

Rank Sector Weight
1 Technology 15.27%
2 Financials 14.8%
3 Healthcare 13.25%
4 Real Estate 12.44%
5 Industrials 8.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SLB icon
151
SLB Ltd
SLB
$75B
$14.3M 0.13%
396,472
-16,000
-4% -$789K
SCHW
152
Charles Schwab
SCHW
$187B
$14.3M 0.13%
344,137
-14,200
-4% -$642K
CSX icon
153
CSX Corp
CSX
$93.1B
$14.3M 0.13%
688,893
-40,500
-6% -$932K
BSX icon
154
Boston Scientific
BSX
$71.5B
$14M 0.13%
396,196
-15,900
-4% -$577K
AVY icon
155
Avery Dennison
AVY
$13.4B
$13.9M 0.12%
154,826
-136,600
-47% -$12.9M
DE icon
156
Deere & Co
DE
$168B
$13.7M 0.12%
92,054
-3,800
-4% -$557K
BABA icon
157
Alibaba
BABA
$308B
$13.7M 0.12%
100,061
-139,132
-58% -$20.6M
BLK icon
158
Blackrock
BLK
$176B
$13.7M 0.12%
34,780
-1,800
-5% -$737K
D icon
159
Dominion Energy
D
$59.3B
$13.4M 0.12%
187,949
-6,900
-4% -$504K
OXY icon
160
Occidental Petroleum
OXY
$55.9B
$13.3M 0.12%
216,156
-11,700
-5% -$822K
APTV icon
161
Aptiv
APTV
$10.3B
$13.3M 0.12%
215,422
-213,500
-50% -$15.5M
RVTY icon
162
Revvity
RVTY
$12.8B
$13.2M 0.12%
167,829
-205,200
-55% -$17.3M
SO icon
163
Southern Company
SO
$107B
$12.9M 0.12%
294,530
-7,700
-3% -$350K
CELG
164
DELISTED
Celgene Corp
CELG
$12.8M 0.12%
200,152
-9,400
-4% -$694K
GM icon
165
General Motors
GM
$76.8B
$12.6M 0.11%
375,820
-15,200
-4% -$525K
GD icon
166
General Dynamics
GD
$106B
$12.5M 0.11%
79,727
-53,900
-40% -$9.66M
ICE icon
167
Intercontinental Exchange
ICE
$84.4B
$12.3M 0.11%
163,100
-7,800
-5% -$598K
BNY
168
Bank of New York Mellon
BNY
$107B
$12.3M 0.11%
260,448
-13,700
-5% -$665K
NOC icon
169
Northrop Grumman
NOC
$81.2B
$12.2M 0.11%
49,717
-2,200
-4% -$608K
AGN
170
DELISTED
Allergan plc
AGN
$12.1M 0.11%
90,756
-4,300
-5% -$705K
MCHP icon
171
Microchip Technology
MCHP
$46B
$12.1M 0.11%
335,344
-305,000
-48% -$10.8M
MPC icon
172
Marathon Petroleum
MPC
$83.7B
$11.7M 0.1%
197,816
+63,450
+47% +$4.33M
NSC icon
173
Norfolk Southern
NSC
$75.1B
$11.7M 0.1%
77,949
-5,500
-7% -$905K
MET icon
174
MetLife
MET
$62.1B
$11.6M 0.1%
282,485
-13,900
-5% -$596K
FIS icon
175
Fidelity National Information Services
FIS
$22.1B
$11.6M 0.1%
112,806
-4,200
-4% -$438K
5 6
7
8 9

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q4 2018 Portfolio in Review

As of Q4 2018, State of Michigan Retirement System held 963 positions worth $11.1B, down 18% from $13.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System withdrew a net $649M in Q4 2018, closing 19 positions and reducing 826 holdings. Its most notable exit was CA, Inc., an estimated $39.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in Honeywell worth $59.4M.

  • State of Michigan Retirement System's largest Q4 2018 buy was Honeywell: 477,026 shares worth $59.4M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $107M increase.
  • State of Michigan Retirement System's biggest Q4 2018 reduction was Exelon, cutting an estimated $125M.
  • State of Michigan Retirement System fully exited CA, Inc. in Q4 2018, selling an estimated $39.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $11.1B portfolio in Q4 2018.
  • State of Michigan Retirement System opened 23 new positions and closed 19 in Q4 2018.
  • State of Michigan Retirement System's portfolio value fell 18% quarter-over-quarter to $11.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2018, filed 1 Feb 2019.